Tech News East Africa
Ethiopia Changing Laws to Prepare for M-PESA Launch
Image sourced from WeeTracker Ethiopia has reportedly started changing certain national payments laws in an effort to clear the way for Safaricom to launch M-PESA, Africa’s largest fintech platform, to the Horn of Africa country’s virtually untapped market of 110-million people. The National Bank of Ethiopia (NBE) has drafted a bill that will allow foreign investors to launch and operate mobile money services in the country, making way for companies like Safaricom, which is planning to begin operations in Ethiopia within the year. Last year, a consortium led by Safaricom and Vodafone secured Ethiopia’s first-ever private mobile telephony license for $850-million, however, the deal did not include or permit mobile financial services like M-PESA. According to Business Daily Africa, the NBE n...
Showmax to Launch 4 New Original Titles in Kenya
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Paratus Expands to DRC, Connects 620KM Fibre Optic Line
Laying fibre. Image sourced from IFC.org. Telecommunications firm Paratus Group has announced its expansion into the Democratic Republic of Congo (DRC). This coincides with the news that Paratus has won, together with DRC based Global Broadband Solution (GBS), a government tender to activate a 620-kilometre fibre-optic network link between Muanda, on the West Coast, to DRC capital city, Kinshasa. Paratus and GBS have established FAST Congo to deliver, operate and maintain the network link in an exclusive 15-year license contract. Paratus Seeks to Connect Africa By adding DRC to its terrestrial network, Paratus Group claims it can now boast a unique and contiguous footprint in Africa, which includes offices in seven SADC countries, four Data Centers, five satellite teleports with 6,000 cust...
Ethiopia’s Government Postpones Ethio Telecom Privatisation Process
Image sourced from FurtherAfrica. The government of Ethiopia has announced today that it will be postponing the ongoing privatisation process of the state-owned Ethio Telecom, and did not set a timeframe for when the process will continue. In an announcement posted to Twitter by the official account of the Ethiopian Ministry of Finance, the Ethiopian federal government says that due to “recent developments” and “fast-moving macroeconomic changes both globally and from a country perspective, the government of Ethiopia has decided to postpone the privatisation process” of Ethio Telecom. pic.twitter.com/rNLYAijWnX — Ministry of Finance – Ethiopia (@MoF_Ethiopia) March 18, 2022 “The government of Ethiopia believes that taking time to accommodate the improved macroeconomic situation as well as ...
Moderna to Build its First African Vaccine Plant in Kenya Worth $500M
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New Bitcoin SV Ambassadors Appointed for East & West Africa
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Rwanda’s Largest Bank Takes a Major Step Towards Modern Digital Banking
The Bank of Kigali. Image sourced from Frontier Africa Reports. Temenos, the Swiss banking software company, today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on the Temenos platform effectively taking a major step towards modern digital banking practices. According to the software firm, replacing its core banking system with Temenos open platform for composable banking allows Bank of Kigali to break free from legacy constraints and accelerate its digital transformation. Bank of Kigali can now quickly expand its digital channels and engagement to deliver faster, smarter customer experiences, according to Temenos. Renewed through Temenos’ platform, Bank of Kigali aims to double its retail and SME customer base to over one million in the...
MTN Uganda Lists 22.4 Billion Shares & Commences Trading
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IoT-Fueled Gricd to Deliver 4.2-Million Moderna Jabs with Nigeria’s NPHCDA
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Equinix Prepares to Expand into Africa With This $320-Million Acquisition
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Kenya to Receive “Africa’s Largest” 3D-Printed Affordable Housing Project
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